Elizabeth Taylor's Jewelry Fetches $115 Million At Auction; Breaks World Record

There's still time left to bid on Elizabeth Taylor's storied jewels at the Christie's auction, but you better have deep pockets if you plan on taking anything home--because day one reeled in more than $115 million, and set seven world auction records for prices paid on specific jewels.

Sorry, Kim Kardashian, but even your monster $2 million engagement ring can't compete with The Elizabeth Taylor Diamond, which weighs in at 33.19 carats and just sold for $8.8 million, or $265,697 per carat. According to a Christie's press release, "This far exceeds the $240,000 per carat paid for The Annenberg Diamond of 32.01 carats when it sold at Christie's New York in 2009. A gift from Richard Burton in 1968, The Elizabeth Taylor Diamond was a constant in Ms. Taylor's life and became the ring that she wore virtually every day for more than three decades. Bought at auction as the Krupp diamond, for $300,000, it was renamed in homage to this spectacular gem's most glamorous owner."

The sale also busted records for prices on a ruby, a pearl, an emerald, and an Indian jewel. The auction continues through December 16 (and new lots including costumes and fashion will soon hit the block), and a portion of the proceeds will benefit The Elizabeth Taylor AIDS Foundation.

Can you gals believe that one single day of sales of Liz's jewelry raked in $115 million!? What would you do with that whopper of a diamond if you owned it? And can you imagine getting one of these babies under your Christmas tree next week? Discuss!